I would prefer SELL FROM BOUNCE strategy for this week on CABLE. At least until it break the PSYCO RESISTANCE at 2.0600... and the strong one at 2.0613... then BFD.
From my FA... we've got a chance that BOE might CUT the interest rate. Hence... LONG BEARGUIN Train to the south is expected. Might be until 2.0300 or 2.0200 That if BOE cut the rate. If NOT... we'll be seeing 2.0800 or even 2.1000 again!
FED also is expected to CUT the IR. Hence, we might see a LONG way DOWN then a LONG way UP. ROLLER COASTER!!!
From my FA... we've got a chance that BOE might CUT the interest rate. Hence... LONG BEARGUIN Train to the south is expected. Might be until 2.0300 or 2.0200 That if BOE cut the rate. If NOT... we'll be seeing 2.0800 or even 2.1000 again!
FED also is expected to CUT the IR. Hence, we might see a LONG way DOWN then a LONG way UP. ROLLER COASTER!!!